Here is a classic commentary written by Senior Fellow Robert Higgs “Why Less Government Spending Would Mean Less Economic Trouble” written June 23, 2010 for the Christian Science Monitor: Many economists say deficit spending is crucial to keeping the economy moving. But history tells a different story. ————— Though our current economic troubles are complex, many mainstream economists…
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In 1831, the National Debt Burden per Capita, or rather the ratio of the United States’ national debt per capita and GDP, multiplied by 1 billion), dropped below a value of 3 for the first time in its history [1]. In 2011, the U.S.’ National Debt Burden per Capita has risen above that level….
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